Benderson Development Co. and Derrick Corp. have swapped land in Cheektowaga that will enable the developer to construct a new retail project on the site of a former Kmart store while restoring the industrial manufacturer's access to the road.
Benderson paid $2.72 million to buy the former Kmart store property at 2055 Walden Ave. from Derrick, which then paid $1.86 million back to Benderson to acquire a parcel on Duke Road, enabling its trucks and employees to get in and out from either Walden or Union Road. Derrick makes drilling equipment for the mining, oil and gas industries.
The former retail store was demolished in 2018, after Derrick split the 12.7-acre property into three pieces. Two had previously been sold to Benderson to make way for new development, while Derrick is now using the southernmost part for a new driveway to reach its loading docks.
The site is directly behind Benderson's Cabela's retail plaza at Duke and Walden, alongside the highway access ramp from the eastbound Thruway to westbound Walden.
Benderson had previously submitted plans to the Town of Cheektowaga for 20,000 square feet of retail space and a 10,000-square-foot Cheddar's restaurant on the northern two-thirds of the property, near Mighty Taco. While the plans were approved, they were held up by litigation with a neighboring business, Jim's Truck Plaza, regarding access points on the property line.
In other deals:
- John S. Kaczor of Orchard Park has sold the two locations of his family's fourth-generation funeral home at 5453 Southwestern Blvd. in Hamburg and 3450 South Park Ave. in Lackawanna to two of his funeral directors, James D. Hacic and Anthony C. Basile, through 3450 Park Western LLC. The full price for the business transaction was not disclosed, but the two properties sold for $1.7 million and $670,620, respectively.
- Frank Sakoski sold his Frank's Mobil-On-the-Run gas station and convenience store at 3198 Main St. in Buffalo to Timothy Boyle's Gramax LLC for $1.08 million. The station includes a Tim Hortons.
- Fairport Savings Bank completed its foreclosure on the former home of Freedom Solar and Salerno Collision, at 3461 N. Benzing Road in Orchard Park. The 6,901-square-foot, white-and-beige building with a blue-tile roof had been owned by Freedom Solar owner William Klink's AOK Development. The small office and retail showroom facility was built in 1978, on 0.56 acres.